The Hindu Business Line : Sunday, February 20, 2005

German co Merten to launch building solutions
MERTEN GmbH and Co.KG, a 100-year old German company providing electro-technical system solutions for buildings, will set shop in India through its representative, Geo Switch, a Bangalore-based firm. Merten manufactures four different types ... More

Surya Food to enter packaged juice market
AFTER giving established brands tough competition with Priya Gold brand of biscuits, Surya Food & Agro Pvt Ltd has now decided to enter the packaged juice market. It has set up a separate company, called Surya Fresh Foods Ltd, for the purpose and More

Godfrey Phillips to stop using `Red & White' on awards mascot
GODFREY Phillips India, a cigarette and tobacco products company, would soon stop using the Red and White reference on the bravery awards mascot. In fact, the word `Awards' has been taken off from this year. This is to expand the scope of ... More

CONSULTING

ICT bags contract in Ethiopia
NEW DELHI: Intercontinental Consultants and Technocrats (ICT) has bagged a project for upgrading a 264-km road in Ethiopia that connects northern agriculture areas with the port of Sudan. The more than $8,00,000-consultancy work involves ... More

FIXED DEPOSITS

FD Options
KSE: Investors can consider adding the one- or two-year fixed deposit programme from KSE Ltd to their portfolio, given the attractive interest rates and the modest risks associated it. The company offers an interest rate of 8 per cent ... More

MERGERS & ACQUISITIONS

HM board approves stake sale to Actis in components biz
HINDUSTAN Motors Ltd, a CK Birla group company, on Saturday approved the proposal to hive off its component business, comprising the Hosur and Pithampur units, into its subsidiary A VTEC Ltd, and invited Actis Capital LLP, through its investment ... More

PVR Cinema scouting for strategic investor?
PVR Cinemas, a pioneer in the field of cinema exhibition, is said to be in talks to rope in a strategic investor in the firm. According to sources, a few leading private equity investors are in the race for the same. However, when ... More

NEW PROJECTS

Gwalior Chem commissions benzyl alcohol plant in M.P. — Aims at 10 pc market share in golbal market
HAVING commissioned a 6,000-tonne-per-annum benzyl alcohol plant at Nagda in Madhya Pradesh, Gwalior Chemical Industries Ltd has set a target to capture a 10 per cent share in the global market over the next five years. The company's optimism ... More

ALLIANCES & JOINT VENTURES

OVL signs pact with Kazakh gas firm
ONGC Videsh Ltd (OVL) has signed a memorandum of understanding with Kazakhstan state-owned firm KazMunayGas, to concretise the development of specific exploration and production projects in Kazakhstan. ``The MoU will enable the two firms to ... More

OUTLOOK

Asian Peroxides plans to hike output capacity
WITH the demand for hydrogen peroxide likely to increase, Asian Peroxides Ltd is planning to increase its production capacity. The Executive Director, Mr R.P. Sethi, told presspersons here on Saturday that the company is looking to increase its ... More

KEC International aims to cross Rs 1,000-cr turnover
KEC International expects its turnover to cross the Rs 1,000-crore mark this year. The company has orders worth Rs 2,500 crore, executable over the next two years, the Managing Director, Mr Ramesh Chandak, told Business Line on ... More

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